Tuesday, March 22, 2016

Gold: Not Buying Right Now

I am not buying gold at the moment. I am waiting for another opportunity to buy gold, it may not happen, it certainly may not happen. But I own plenty of gold. I am looking for a new opportunity, let`s say the central bankers save us for a while, that the markets go up  for a while, often gold will go down in a scenario like that. That would be an opportunity to buy gold. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.